patrick garvey joins us for more. thanks for joining us. just looking at where spanish yields are at the moment, sort of 5.2% handle, i can't see spain rushing for assistarizon y too many soon. >> that's right. it's been a fantastic few months starting off in july when draghi first talked about the omt program or gave hints about it. and it's carried out to the past couple of weeks. spain has been doing okay. for as long as i can continue, there isn't really any prospecs of spain asking for help. but i think the market knows that if spain does ask for help, there's always the back stop of the omt and that's why spain is doing what it's doing. so so far so good. >> starting to get ahead of a heavy 2013 program. will that throw out problems? >> i think they're pursuing the right strategy. the big difference on this front between italy and spain is that italy has a big fall in redemptions next year when it takes off pressure for sly flex year. spain has the opposite problems, a rise next year. so it's technically done for this year and the rea